The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-29
CONDITION OF THE MARKETS
Pork Opens at Higher Figures, but a De-
cline Ensues in Sympathy with Grain.
Wheat Declines Slightly Under the Influence
of Heavy Offerings by Long" Operators
Corn Fluctnates in Narrow Range.
MONEY, BONDS AND STOCKS.

The Coal Stocks Absorb Attention 20 the Ex-
cIusion of Almost Everything Else.
NEW YORK, Dec. 28-Money call was
firm at to per cent, the last loan being
made at 4.
Prime mercantile paper, 6 u per cent
Sterling exchange was dull but steady at
"a s2s for sxty-day bills. and 81. 854 for de-
mand.
The total sales of stocks to-day were 176, l63
shares, including the following: Delaware,
Lsckawanna IL Western. 20,620; Erie, 1910;
Lake Shore $780, Louisville & Nashville. 3, 100;
Missouri Pacific, 3,400; Oregon Transconti
mental, AGO; Reading. rs 02o; ST Paul. 10.925.
Union Pacific. 1906; Western Union. 6,22o.
The stock market to day the reverse of
yesterday, being weak throughout, with the best
prices at the opening and the lowest in the last
hour. There was very little in the trading out
side fof the coal stocks, which again monopo-
lized the IL terest taken II speculation and con-
tributed over half the entire business DONE
Additional rumors were afioat In the street IN
regard to to the strike upon the Reading, which
were conflicting, but had the effect of inducing
sales of the stock. They proved to have been
much exaggerated and the compaDys agents
here said that they had applications enough on
hand to promptly fill the places Of the force
now employed A report tnat the Emperor OF
Germany dead also had depressing in
fuence for short time, but &c met with
prompt denial. Outside of the coalers the
only feature developed during the day was
squirt IN the Gould stocks Missouri Pacific NOV
ing up nearly point. and the comparative &C
tivity in Union Pacific, which however, was
heavy with the rest of the list The opening
firm on London buying orders, and advan
over last evening" final prices ranged up to
per cent: bus the strength was very short
lived. prices declining Immediately. though the
progress made very slow. There was some
activity during the first hour. but after that
time the market again resumed its listless and
featureless appearance. which not dis
turbed throughout the day. The decline
made steady progress, there being no
reaction whatever, though the squirt in Missouri
Pacific checked its progress somewhat in the
afternoon. The close was very dull at about the
lowest prices of the day. There are few frac-
tional advances this evening but the active list
for the most part is decidedly lower, and Hook
ing Valley lost p: Jersey Central. Il; Lacka
wanna, Reading, and Wheeling & Lake Erie, II
each. Mr.. Dillon will be elected a director of
the iast-named company at the approaching an
nual election. and said to-day that the road
would be put a dividend paying basis early in
the coming year. and that the present stock
would De made preferred.
Railroad bonds were more active and lrregu-
lar; sales, 1888. 600. Northwestern coupon gold
rose 2 to 1T. the regulars, 81 to 128; Peoria,
Decatur & Evansville. Evansville division. 2, to
103: Hooking Valley consols. q, at 90; Inter
national seconds. II. at %.
Government bonds were dull but firm.
State bonds were dull and steady. Closing